Save Article

TSMC to Boost Capital Spending

Updated Dec. 2, 2003 8:26 p.m. ET

Taiwan Semiconductor Manufacturing Co., one of the world's largest foundry chip makers, said its board approved a plan to spend $1.43 billion on advanced production equipment to help the company meet demand for high-end chips. TSMC said its board approved the spending plan to upgrade some older chip lines and to boost production at two state-of-the-art 300-millimeter chip plants. "This money is specifically for a few projects. A portion of it should be included with our 2003 [capital expenditures], and some of it will cross over with our 2004 [capital expenditures]," said Jesse Chou, a member of TSMC's public-relations...